April 2, 2018 / 4:25 AM / 8 months ago

BRIEF-Beijing Hualian Department Store To Transfer Shares In Rajax to Alibaba Unit

April 2 (Reuters) - Beijing Hualian Department Store Co Ltd :

* SAYS TO TRANSFER SHARES IN RAJAX, WHOSE MAIN OPERATIONS IS ONLINE DELIVERY PLATFORM ELE.ME, TO ALIBABA’S UNIT ALI PANINI INVESTMENT HOLDING LIMITED FOR $184.7 MILLION

* SAYS DEAL TO BRING IN ONE-OFF AFTER-TAX INVESTMENT GAINS OF AROUND 430-510 MILLION YUAN ($68.49-$81.23 million) Source text in Chinese: bit.ly/2pWHigE Further company coverage: ($1 = 6.2785 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below